Is 72023, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 72023 has remained a Seller's Market.
Key Takeaway
72023 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 72023, AR
How much do homes in 72023, AR cost?
Median Sold Price
$225,000
$146/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 72023 have sold for 13.5% less than they did a month ago.
Summary: The median home sold price in 72023 was $225,000 in March 2024, down 13.5% from last month, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $148.9K | N/A |
| 3 Bedrooms | $188.7K | $215.5K | +14.2% |
| 4 Bedrooms | $299.8K | $365K | +21.7% |
| 5+ Bedrooms | $439.9K | $865K | +96.6% |
Summary: 72023 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 96.6%.
Housing Supply in 72023, AR
How many homes are available in 72023, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 136 | 177 | +30.1% |
Summary: The 72023 real estate market had 177 homes for sale in March 2024, a 30.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 64 | 89 | +39.1% |
| 4 Bedrooms | 57 | 72 | +26.3% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 72023 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 39.1%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 39 | +34.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 72023, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 72023 in March 2024, up by 34.5% month-over-month. Of the 39 sold homes, 51% were sold under asking, 38% were sold at asking, and 10% were sold over asking.
Days on Market for 72023, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.